365 Business Finance provides unsecured merchant cash advances to small businesses. They lend to customer service businesses like restaurants, salons, bars, and retailers, as well as online businesses and SMEs.
According to their website, 90% of applicants are approved by 365 Business Finance. Repayments don’t have fixed interest rates, they’re a percentage of your business’ card transactions.
365 Business Finance Loans & Funding
Merchant Cash Advance
Raise between £5,000 and £200,000. Once the cash has been raised, the funds will be repaid through a percentage of your customers’ card transactions. The repayment amount will fluctuate depending on the amount your business is processing through card terminals. If sales are particularly good, you’ll repay more. If sales are slow, you’ll repay less. There’s no APR or fixed interest rate.
365 Business Finance Reviews and Ratings
Trustpilot reviews are very positive – 94% rate 365 Business Finance ‘Excellent’. Many reviewers on Trustpilot and Google are pleased with how easy it is to secure finance, the quality of customer service, and easy processes. As always, there are a few reviewers who are less happy with the service they’ve received, but they’re in a minority.
There are no live reviews on Smart Money People or Reviews.co.uk.
- Flexible funding for specific business types. They can repay as their business earns.
- Excellent reviews.
- Not a bank, which could put traditionalists off.
- Just one type of finance, which won’t suit every business.
Website: 365 Business Finance